diff --git a/erpnext/__init__.py b/erpnext/__init__.py
index 8ba4eef..f65e5f3 100644
--- a/erpnext/__init__.py
+++ b/erpnext/__init__.py
@@ -36,12 +36,13 @@
 		frappe.flags.company_currency[company] = frappe.db.get_value('Company', company, 'default_currency')
 	return frappe.flags.company_currency[company]
 
+def set_perpetual_inventory(enable=1, company=None):
+	if not company:
+		company = "_Test Company" if frappe.flags.in_test else get_default_company()
 
-def set_perpetual_inventory(enable=1):
-	accounts_settings = frappe.get_doc("Accounts Settings")
-	accounts_settings.auto_accounting_for_stock = enable
-	accounts_settings.save()
-
+	company = frappe.get_doc("Company", company)
+	company.enable_perpetual_inventory = enable
+	company.save()
 
 def encode_company_abbr(name, company):
 	'''Returns name encoded with company abbreviation'''
@@ -53,4 +54,15 @@
 
 	return " - ".join(parts)
 
+def is_perpetual_inventory_enabled(company):
+	if not company:
+		company = "_Test Company" if frappe.flags.in_test else get_default_company()
 
+	if not hasattr(frappe.local, 'enable_perpetual_inventory'):
+		frappe.local.enable_perpetual_inventory = {}
+
+	if not company in frappe.local.enable_perpetual_inventory:
+		frappe.local.enable_perpetual_inventory[company] = frappe.db.get_value("Company",
+			company, "enable_perpetual_inventory") or 0
+
+	return frappe.local.enable_perpetual_inventory[company]
diff --git a/erpnext/accounts/doctype/accounts_settings/accounts_settings.json b/erpnext/accounts/doctype/accounts_settings/accounts_settings.json
index 4f268a2..0ce3d5d 100644
--- a/erpnext/accounts/doctype/accounts_settings/accounts_settings.json
+++ b/erpnext/accounts/doctype/accounts_settings/accounts_settings.json
@@ -14,6 +14,7 @@
  "engine": "InnoDB", 
  "fields": [
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -22,7 +23,7 @@
    "description": "If enabled, the system will post accounting entries for inventory automatically.", 
    "fieldname": "auto_accounting_for_stock", 
    "fieldtype": "Check", 
-   "hidden": 0, 
+   "hidden": 1, 
    "ignore_user_permissions": 0, 
    "ignore_xss_filter": 0, 
    "in_filter": 0, 
@@ -44,6 +45,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -73,6 +75,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -103,6 +106,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -131,6 +135,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -161,6 +166,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -190,6 +196,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -219,6 +226,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -249,6 +257,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -290,7 +299,7 @@
  "issingle": 1, 
  "istable": 0, 
  "max_attachments": 0, 
- "modified": "2017-04-18 13:35:59.166250", 
+ "modified": "2017-06-16 17:39:50.614522", 
  "modified_by": "Administrator", 
  "module": "Accounts", 
  "name": "Accounts Settings", 
diff --git a/erpnext/accounts/doctype/accounts_settings/accounts_settings.py b/erpnext/accounts/doctype/accounts_settings/accounts_settings.py
index 4246755..dd33ff1 100644
--- a/erpnext/accounts/doctype/accounts_settings/accounts_settings.py
+++ b/erpnext/accounts/doctype/accounts_settings/accounts_settings.py
@@ -11,18 +11,4 @@
 
 class AccountsSettings(Document):
 	def on_update(self):
-		frappe.db.set_default("auto_accounting_for_stock", self.auto_accounting_for_stock)
-
-		if cint(self.auto_accounting_for_stock):
-			# set default perpetual account in company
-			for company in frappe.db.sql("select name from tabCompany"):
-				company = frappe.get_doc("Company", company[0])
-				company.flags.ignore_permissions = True
-				company.save()
-
-			# validate warehouse linked to company
-			warehouse_with_no_company = frappe.db.sql_list("""select name from tabWarehouse 
-				where disabled=0 and company is null or company = ''""")
-			if warehouse_with_no_company:
-				frappe.throw(_("Company is missing in warehouses {0}")
-					.format(comma_and(warehouse_with_no_company)))
\ No newline at end of file
+		pass
\ No newline at end of file
diff --git a/erpnext/accounts/doctype/pos_profile/pos_profile.js b/erpnext/accounts/doctype/pos_profile/pos_profile.js
index 83016a9..03d84e9 100755
--- a/erpnext/accounts/doctype/pos_profile/pos_profile.js
+++ b/erpnext/accounts/doctype/pos_profile/pos_profile.js
@@ -26,6 +26,23 @@
 	});
 });
 
+frappe.ui.form.on('POS Profile', {
+	refresh: function(frm) {
+		if(frm.doc.company) {
+			frm.trigger("toggle_display_account_head");
+		}
+	},
+	
+	company: function(frm) {
+		frm.trigger("toggle_display_account_head");
+	},
+	
+	toggle_display_account_head: function(frm) {
+		frm.toggle_display('expense_account',
+			erpnext.is_perpetual_inventory_enabled(frm.doc.company));
+	}
+})
+
 // Income Account
 // --------------------------------
 cur_frm.fields_dict['income_account'].get_query = function(doc,cdt,cdn) {
diff --git a/erpnext/accounts/doctype/pos_profile/pos_profile.json b/erpnext/accounts/doctype/pos_profile/pos_profile.json
index c2c75e1..93aca1b 100644
--- a/erpnext/accounts/doctype/pos_profile/pos_profile.json
+++ b/erpnext/accounts/doctype/pos_profile/pos_profile.json
@@ -1132,7 +1132,7 @@
    "bold": 0, 
    "collapsible": 0, 
    "columns": 0, 
-   "depends_on": "eval:cint(sys_defaults.auto_accounting_for_stock)", 
+   "depends_on": "", 
    "fieldname": "expense_account", 
    "fieldtype": "Link", 
    "hidden": 0, 
@@ -1201,7 +1201,7 @@
  "issingle": 0, 
  "istable": 0, 
  "max_attachments": 0, 
- "modified": "2017-06-15 20:07:55.682137", 
+ "modified": "2017-06-16 17:04:33.165676", 
  "modified_by": "Administrator", 
  "module": "Accounts", 
  "name": "POS Profile", 
diff --git a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
index 394ad49..e768c27 100644
--- a/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
+++ b/erpnext/accounts/doctype/purchase_invoice/purchase_invoice.py
@@ -164,7 +164,7 @@
 				frappe.msgprint(_("Item Code required at Row No {0}").format(d.idx), raise_exception=True)
 
 	def set_expense_account(self, for_validate=False):
-		auto_accounting_for_stock = cint(frappe.defaults.get_global_default("auto_accounting_for_stock"))
+		auto_accounting_for_stock = erpnext.is_perpetual_inventory_enabled(self.company)
 
 		if auto_accounting_for_stock:
 			stock_not_billed_account = self.get_company_default("stock_received_but_not_billed")
@@ -335,9 +335,7 @@
 			delete_gl_entries(voucher_type=self.doctype, voucher_no=self.name)
 
 	def get_gl_entries(self, warehouse_account=None):
-		self.auto_accounting_for_stock = \
-			cint(frappe.defaults.get_global_default("auto_accounting_for_stock"))
-
+		self.auto_accounting_for_stock = erpnext.is_perpetual_inventory_enabled(self.company)
 		self.stock_received_but_not_billed = self.get_company_default("stock_received_but_not_billed")
 		self.expenses_included_in_valuation = self.get_company_default("expenses_included_in_valuation")
 		self.negative_expense_to_be_booked = 0.0
diff --git a/erpnext/accounts/doctype/purchase_invoice/test_purchase_invoice.py b/erpnext/accounts/doctype/purchase_invoice/test_purchase_invoice.py
index cf0ec57..8bbd6c5 100644
--- a/erpnext/accounts/doctype/purchase_invoice/test_purchase_invoice.py
+++ b/erpnext/accounts/doctype/purchase_invoice/test_purchase_invoice.py
@@ -4,7 +4,7 @@
 
 from __future__ import unicode_literals
 import unittest
-import frappe
+import frappe, erpnext
 import frappe.model
 from frappe.utils import cint, flt, today, nowdate
 import frappe.defaults
@@ -25,11 +25,10 @@
 	def tearDown(self):
 		unlink_payment_on_cancel_of_invoice(0)
 
-	def test_gl_entries_without_auto_accounting_for_stock(self):
-		set_perpetual_inventory(0)
-		self.assertTrue(not cint(frappe.defaults.get_global_default("auto_accounting_for_stock")))
-
+	def test_gl_entries_without_perpetual_inventory(self):
 		wrapper = frappe.copy_doc(test_records[0])
+		set_perpetual_inventory(0, wrapper.company)
+		self.assertTrue(not cint(erpnext.is_perpetual_inventory_enabled(wrapper.company)))
 		wrapper.insert()
 		wrapper.submit()
 		wrapper.load_from_db()
@@ -51,17 +50,16 @@
 		for d in gl_entries:
 			self.assertEqual([d.debit, d.credit], expected_gl_entries.get(d.account))
 
-	def test_gl_entries_with_auto_accounting_for_stock(self):
-		set_perpetual_inventory(1)
-		self.assertEqual(cint(frappe.defaults.get_global_default("auto_accounting_for_stock")), 1)
-
+	def test_gl_entries_with_perpetual_inventory(self):
 		pi = frappe.copy_doc(test_records[1])
+		set_perpetual_inventory(1, pi.company)
+		self.assertTrue(cint(erpnext.is_perpetual_inventory_enabled(pi.company)), 1)
 		pi.insert()
 		pi.submit()
 
 		self.check_gle_for_pi(pi.name)
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, pi.company)
 
 	def test_payment_entry_unlink_against_purchase_invoice(self):
 		from erpnext.accounts.doctype.payment_entry.test_payment_entry import get_payment_entry
@@ -84,11 +82,10 @@
 
 		self.assertRaises(frappe.LinkExistsError, pi_doc.cancel)
 
-	def test_gl_entries_with_auto_accounting_for_stock_against_pr(self):
-		set_perpetual_inventory(1)
-		self.assertEqual(cint(frappe.defaults.get_global_default("auto_accounting_for_stock")), 1)
-
+	def test_gl_entries_with_perpetual_inventory_against_pr(self):
 		pr = frappe.copy_doc(pr_test_records[0])
+		set_perpetual_inventory(1, pr.company)
+		self.assertTrue(cint(erpnext.is_perpetual_inventory_enabled(pr.company)), 1)
 		pr.submit()
 
 		pi = frappe.copy_doc(test_records[1])
@@ -99,7 +96,7 @@
 
 		self.check_gle_for_pi(pi.name)
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, pr.company)
 
 	def check_gle_for_pi(self, pi):
 		gl_entries = frappe.db.sql("""select account, debit, credit
@@ -133,10 +130,9 @@
 		self.assertRaises(frappe.CannotChangeConstantError, pi.save)
 
 	def test_gl_entries_with_aia_for_non_stock_items(self):
-		set_perpetual_inventory()
-		self.assertEqual(cint(frappe.defaults.get_global_default("auto_accounting_for_stock")), 1)
-
 		pi = frappe.copy_doc(test_records[1])
+		set_perpetual_inventory(1, pi.company)
+		self.assertTrue(cint(erpnext.is_perpetual_inventory_enabled(pi.company)), 1)
 		pi.get("items")[0].item_code = "_Test Non Stock Item"
 		pi.get("items")[0].expense_account = "_Test Account Cost for Goods Sold - _TC"
 		pi.get("taxes").pop(0)
@@ -159,7 +155,7 @@
 			self.assertEquals(expected_values[i][0], gle.account)
 			self.assertEquals(expected_values[i][1], gle.debit)
 			self.assertEquals(expected_values[i][2], gle.credit)
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, pi.company)
 
 	def test_purchase_invoice_calculation(self):
 		pi = frappe.copy_doc(test_records[0])
diff --git a/erpnext/accounts/doctype/sales_invoice/sales_invoice.js b/erpnext/accounts/doctype/sales_invoice/sales_invoice.js
index 2107581..10bd3a0 100644
--- a/erpnext/accounts/doctype/sales_invoice/sales_invoice.js
+++ b/erpnext/accounts/doctype/sales_invoice/sales_invoice.js
@@ -400,19 +400,6 @@
 	}
 });
 
-// expense account
-if (frappe.sys_defaults.auto_accounting_for_stock) {
-	cur_frm.fields_dict['items'].grid.get_field('expense_account').get_query = function(doc) {
-		return {
-			filters: {
-				'report_type': 'Profit and Loss',
-				'company': doc.company,
-				"is_group": 0
-			}
-		}
-	}
-}
-
 
 // Cost Center in Details Table
 // -----------------------------
@@ -502,6 +489,21 @@
 				filters: {'project': doc.project}
 			}
 		}
+
+		// expense account
+		frm.fields_dict['items'].grid.get_field('expense_account').get_query = function(doc) {
+			if (erpnext.is_perpetual_inventory_enabled(doc.company)) {
+				return {
+					filters: {
+						'report_type': 'Profit and Loss',
+						'company': doc.company,
+						"is_group": 0
+					}
+				}
+			}
+		}
+		
+		
 	},
 
 	project: function(frm){
diff --git a/erpnext/accounts/doctype/sales_invoice/sales_invoice.py b/erpnext/accounts/doctype/sales_invoice/sales_invoice.py
index 24da970..85c5079 100644
--- a/erpnext/accounts/doctype/sales_invoice/sales_invoice.py
+++ b/erpnext/accounts/doctype/sales_invoice/sales_invoice.py
@@ -2,7 +2,7 @@
 # License: GNU General Public License v3. See license.txt
 
 from __future__ import unicode_literals
-import frappe
+import frappe, erpnext
 import frappe.defaults
 from frappe.utils import cint, flt
 from frappe import _, msgprint, throw
@@ -559,6 +559,8 @@
 				throw(_("Delivery Note {0} is not submitted").format(d.delivery_note))
 
 	def make_gl_entries(self, gl_entries=None, repost_future_gle=True, from_repost=False):
+		auto_accounting_for_stock = erpnext.is_perpetual_inventory_enabled(self.company)
+
 		if not self.grand_total:
 			return
 
@@ -580,11 +582,11 @@
 					self.doctype, self.return_against if cint(self.is_return) else self.name)
 
 			if repost_future_gle and cint(self.update_stock) \
-				and cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
+				and cint(auto_accounting_for_stock):
 					items, warehouses = self.get_items_and_warehouses()
 					update_gl_entries_after(self.posting_date, self.posting_time, warehouses, items)
 		elif self.docstatus == 2 and cint(self.update_stock) \
-			and cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
+			and cint(auto_accounting_for_stock):
 				from erpnext.accounts.general_ledger import delete_gl_entries
 				delete_gl_entries(voucher_type=self.doctype, voucher_no=self.name)
 
@@ -672,8 +674,8 @@
 					)
 
 		# expense account gl entries
-		if cint(frappe.defaults.get_global_default("auto_accounting_for_stock")) \
-				and cint(self.update_stock):
+		if cint(self.update_stock) and \
+			erpnext.is_perpetual_inventory_enabled(self.company):
 			gl_entries += super(SalesInvoice, self).get_gl_entries()
 
 	def make_pos_gl_entries(self, gl_entries):
diff --git a/erpnext/accounts/doctype/sales_invoice/test_sales_invoice.py b/erpnext/accounts/doctype/sales_invoice/test_sales_invoice.py
index cb05ac8..2e044cc 100644
--- a/erpnext/accounts/doctype/sales_invoice/test_sales_invoice.py
+++ b/erpnext/accounts/doctype/sales_invoice/test_sales_invoice.py
@@ -488,8 +488,8 @@
 		self.assertEquals(frappe.db.get_value("Sales Invoice", w.name, "outstanding_amount"), 561.8)
 
 	def test_sales_invoice_gl_entry_without_perpetual_inventory(self):
-		set_perpetual_inventory(0)
 		si = frappe.copy_doc(test_records[1])
+		set_perpetual_inventory(0, si.company)
 		si.insert()
 		si.submit()
 
@@ -617,6 +617,7 @@
 			self.assertEquals(expected_gl_entries[i][2], gle.credit)
 
 		si.cancel()
+		frappe.delete_doc('Sales Invoice', si.name)
 		gle = frappe.db.sql("""select * from `tabGL Entry`
 			where voucher_type='Sales Invoice' and voucher_no=%s""", si.name)
 
diff --git a/erpnext/accounts/general_ledger.py b/erpnext/accounts/general_ledger.py
index 5541cc0..ceae61c 100644
--- a/erpnext/accounts/general_ledger.py
+++ b/erpnext/accounts/general_ledger.py
@@ -2,7 +2,7 @@
 # License: GNU General Public License v3. See license.txt
 
 from __future__ import unicode_literals
-import frappe
+import frappe, erpnext
 from frappe.utils import flt, cstr, cint
 from frappe import _
 from frappe.model.meta import get_field_precision
@@ -80,7 +80,7 @@
 
 def save_entries(gl_map, adv_adj, update_outstanding, from_repost=False):
 	if not from_repost:
-		validate_account_for_auto_accounting_for_stock(gl_map)
+		validate_account_for_perpetual_inventory(gl_map)
 		
 	round_off_debit_credit(gl_map)
 
@@ -100,8 +100,8 @@
 	gle.run_method("on_update_with_args", adv_adj, update_outstanding, from_repost)
 	gle.submit()
 
-def validate_account_for_auto_accounting_for_stock(gl_map):
-	if cint(frappe.db.get_single_value("Accounts Settings", "auto_accounting_for_stock")) \
+def validate_account_for_perpetual_inventory(gl_map):
+	if cint(erpnext.is_perpetual_inventory_enabled(gl_map[0].company)) \
 		and gl_map[0].voucher_type=="Journal Entry":
 			aii_accounts = [d[0] for d in frappe.db.sql("""select name from tabAccount
 				where account_type = 'Stock' and is_group=0""")]
diff --git a/erpnext/accounts/report/gross_profit/gross_profit.py b/erpnext/accounts/report/gross_profit/gross_profit.py
index 4b28f1f..bb5a82d 100644
--- a/erpnext/accounts/report/gross_profit/gross_profit.py
+++ b/erpnext/accounts/report/gross_profit/gross_profit.py
@@ -227,7 +227,7 @@
 				if not average_buying_rate:
 					average_buying_rate = get_valuation_rate(item_code, row.warehouse,
 						row.parenttype, row.parent, allow_zero_rate=True, 
-						currency=self.filters.currency)
+						currency=self.filters.currency, company=self.filters.company)
 
 				self.average_buying_rate[item_code] =  flt(average_buying_rate)
 
diff --git a/erpnext/controllers/buying_controller.py b/erpnext/controllers/buying_controller.py
index d770af3..553c7b3 100644
--- a/erpnext/controllers/buying_controller.py
+++ b/erpnext/controllers/buying_controller.py
@@ -227,7 +227,7 @@
 				})
 				if not rm.rate:
 					rm.rate = get_valuation_rate(bom_item.item_code, self.supplier_warehouse,
-						self.doctype, self.name, currency=self.company_currency)
+						self.doctype, self.name, currency=self.company_currency, company = self.company)
 			else:
 				rm.rate = bom_item.rate
 
diff --git a/erpnext/controllers/stock_controller.py b/erpnext/controllers/stock_controller.py
index 822712f..605881c 100644
--- a/erpnext/controllers/stock_controller.py
+++ b/erpnext/controllers/stock_controller.py
@@ -2,7 +2,7 @@
 # License: GNU General Public License v3. See license.txt
 
 from __future__ import unicode_literals
-import frappe
+import frappe, erpnext
 from frappe.utils import cint, flt, cstr
 from frappe import msgprint, _
 import frappe.defaults
@@ -21,7 +21,7 @@
 		if self.docstatus == 2:
 			delete_gl_entries(voucher_type=self.doctype, voucher_no=self.name)
 
-		if cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
+		if cint(erpnext.is_perpetual_inventory_enabled(self.company)):
 			warehouse_account = get_warehouse_account_map()
 
 			if self.docstatus==1:
@@ -95,7 +95,7 @@
 
 	def update_stock_ledger_entries(self, sle):
 		sle.valuation_rate = get_valuation_rate(sle.item_code, sle.warehouse,
-			self.doctype, self.name, currency=self.company_currency)
+			self.doctype, self.name, currency=self.company_currency, company=self.company)
 
 		sle.stock_value = flt(sle.qty_after_transaction) * flt(sle.valuation_rate)
 		sle.stock_value_difference = flt(sle.actual_qty) * flt(sle.valuation_rate)
diff --git a/erpnext/docs/assets/img/accounts/perpetual-1.png b/erpnext/docs/assets/img/accounts/perpetual-1.png
index d9e9342..458f364 100644
--- a/erpnext/docs/assets/img/accounts/perpetual-1.png
+++ b/erpnext/docs/assets/img/accounts/perpetual-1.png
Binary files differ
diff --git a/erpnext/docs/user/manual/en/stock/accounting-of-inventory-stock/perpetual-inventory.md b/erpnext/docs/user/manual/en/stock/accounting-of-inventory-stock/perpetual-inventory.md
index 92e0544..343e3f4 100644
--- a/erpnext/docs/user/manual/en/stock/accounting-of-inventory-stock/perpetual-inventory.md
+++ b/erpnext/docs/user/manual/en/stock/accounting-of-inventory-stock/perpetual-inventory.md
@@ -8,7 +8,7 @@
 
   * Activate Perpetual Inventory
 
-	 > Explore > Accounts > Accounts Settings > "Make Accounting Entry For Every Stock Movement"
+	 > Setup > Company > Stock Settings > "Enable Perpetual Inventory"
 
 <img class="screenshot" alt="Perpetual Inventory" src="{{docs_base_url}}/assets/img/accounts/perpetual-1.png">
 
diff --git a/erpnext/patches.txt b/erpnext/patches.txt
index 1f2966d..aa88b21 100644
--- a/erpnext/patches.txt
+++ b/erpnext/patches.txt
@@ -1,5 +1,5 @@
 execute:import unidecode # new requirement
-
+erpnext.patches.v8_0.move_perpetual_inventory_setting
 erpnext.patches.v4_0.validate_v3_patch
 erpnext.patches.v4_0.fix_employee_user_id
 erpnext.patches.v4_0.remove_employee_role_if_no_employee
diff --git a/erpnext/patches/v7_0/create_warehouse_nestedset.py b/erpnext/patches/v7_0/create_warehouse_nestedset.py
index 8c52c3e..06766b9 100644
--- a/erpnext/patches/v7_0/create_warehouse_nestedset.py
+++ b/erpnext/patches/v7_0/create_warehouse_nestedset.py
@@ -1,6 +1,6 @@
 
 from __future__ import unicode_literals
-import frappe
+import frappe, erpnext
 from frappe import _
 from frappe.utils import cint
 from frappe.utils.nestedset import rebuild_tree
@@ -51,7 +51,8 @@
 def make_warehouse_nestedset(company=None):
 	validate_parent_account_for_warehouse(company)
 	stock_account_group = get_stock_account_group(company.name)
-	if not stock_account_group and cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
+	enable_perpetual_inventory = cint(erpnext.is_perpetual_inventory_enabled(company)) or 0
+	if not stock_account_group and enable_perpetual_inventory:
 		return
 
 	if company:
@@ -65,14 +66,14 @@
 		create_default_warehouse_group(company, stock_account_group, ignore_mandatory)
 
 	set_parent_to_warehouse(warehouse_group, company)
-	if cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
+	if enable_perpetual_inventory:
 		set_parent_to_warehouse_account(company)
 
 def validate_parent_account_for_warehouse(company=None):
 	if not company:
 		return
 
-	if cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
+	if cint(erpnext.is_perpetual_inventory_enabled(company)):
 		parent_account = frappe.db.sql("""select name from tabAccount
 			where account_type='Stock' and company=%s and is_group=1
 			and (warehouse is null or warehouse = '')""", company.name)
diff --git a/erpnext/patches/v7_0/fix_nonwarehouse_ledger_gl_entries_for_transactions.py b/erpnext/patches/v7_0/fix_nonwarehouse_ledger_gl_entries_for_transactions.py
index 174bb11..d0e816a 100644
--- a/erpnext/patches/v7_0/fix_nonwarehouse_ledger_gl_entries_for_transactions.py
+++ b/erpnext/patches/v7_0/fix_nonwarehouse_ledger_gl_entries_for_transactions.py
@@ -2,18 +2,16 @@
 # License: GNU General Public License v3. See license.txt
 
 from __future__ import unicode_literals
-import frappe
+import frappe, erpnext
 
 def execute():
-	if not frappe.db.get_single_value("Accounts Settings", "auto_accounting_for_stock"):
-		return
-	
 	frappe.reload_doctype("Account")
 
-	warehouses = frappe.db.sql_list("""select name from tabAccount
+	warehouses = frappe.db.sql_list("""select name, company from tabAccount
 		where account_type = 'Stock' and is_group = 0
-		and (warehouse is null or warehouse = '')""")
-	if warehouses:
+		and (warehouse is null or warehouse = '')""", as_dict)
+	warehouses = [d.name for d in warehouses if erpnext.is_perpetual_inventory_enabled(d.company)]
+	if len(warehouses) > 0:
 		warehouses = set_warehouse_for_stock_account(warehouses)
 		if not warehouses:
 			return
diff --git a/erpnext/patches/v7_0/repost_future_gle_for_purchase_invoice.py b/erpnext/patches/v7_0/repost_future_gle_for_purchase_invoice.py
index f5aee15..22f9db6 100644
--- a/erpnext/patches/v7_0/repost_future_gle_for_purchase_invoice.py
+++ b/erpnext/patches/v7_0/repost_future_gle_for_purchase_invoice.py
@@ -8,17 +8,16 @@
 from erpnext.controllers.stock_controller import update_gl_entries_after
 
 def execute():
-	if not cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
-		return
-
+	company_list = frappe.db.sql_list("""Select name from tabCompany where enable_perpetual_inventory = 1""")
 	frappe.reload_doc('accounts', 'doctype', 'sales_invoice')
 	
 	frappe.reload_doctype("Purchase Invoice")	
 	wh_account = get_warehouse_account_map()
 	
-	for pi in frappe.get_all("Purchase Invoice", filters={"docstatus": 1, "update_stock": 1}):
-		pi_doc = frappe.get_doc("Purchase Invoice", pi.name)
-		items, warehouses = pi_doc.get_items_and_warehouses()
-		update_gl_entries_after(pi_doc.posting_date, pi_doc.posting_time, warehouses, items, wh_account)
+	for pi in frappe.get_all("Purchase Invoice", fields=["name", "company"], filters={"docstatus": 1, "update_stock": 1}):
+		if pi.company in company_list:
+			pi_doc = frappe.get_doc("Purchase Invoice", pi.name)
+			items, warehouses = pi_doc.get_items_and_warehouses()
+			update_gl_entries_after(pi_doc.posting_date, pi_doc.posting_time, warehouses, items, wh_account)
 		
-		frappe.db.commit()
\ No newline at end of file
+			frappe.db.commit()
\ No newline at end of file
diff --git a/erpnext/patches/v7_0/repost_gle_for_pi_with_update_stock.py b/erpnext/patches/v7_0/repost_gle_for_pi_with_update_stock.py
index 9f159be..2d1a151 100644
--- a/erpnext/patches/v7_0/repost_gle_for_pi_with_update_stock.py
+++ b/erpnext/patches/v7_0/repost_gle_for_pi_with_update_stock.py
@@ -6,13 +6,11 @@
 from frappe.utils import cint
 
 def execute():
-	if not cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
-		return
-
 	frappe.reload_doctype("Purchase Invoice")
 
 	for pi in frappe.db.sql("""select name from `tabPurchase Invoice` 
-		where update_stock=1 and docstatus=1  order by posting_date asc""", as_dict=1):
+		where company in(select name from tabCompany where enable_perpetual_inventory = 1) and 
+		update_stock=1 and docstatus=1 order by posting_date asc""", as_dict=1):
 		
 			frappe.db.sql("""delete from `tabGL Entry` 
 				where voucher_type = 'Purchase Invoice' and voucher_no = %s""", pi.name)
diff --git a/erpnext/patches/v8_0/move_perpetual_inventory_setting.py b/erpnext/patches/v8_0/move_perpetual_inventory_setting.py
new file mode 100644
index 0000000..594a15c
--- /dev/null
+++ b/erpnext/patches/v8_0/move_perpetual_inventory_setting.py
@@ -0,0 +1,13 @@
+# Copyright (c) 2013, Web Notes Technologies Pvt. Ltd. and Contributors
+# License: GNU General Public License v3. See license.txt
+
+from __future__ import unicode_literals
+import frappe
+
+def execute():
+	frappe.reload_doctype('Company')
+	enabled = frappe.db.get_single_value("Accounts Settings", "auto_accounting_for_stock") or 0
+	for data in frappe.get_all('Company', fields = ["name"]):
+		doc = frappe.get_doc('Company', data.name)
+		doc.enable_perpetual_inventory = enabled
+		doc.save(ignore_permissions=True)
\ No newline at end of file
diff --git a/erpnext/public/js/utils.js b/erpnext/public/js/utils.js
index 9650862..eaf064b 100644
--- a/erpnext/public/js/utils.js
+++ b/erpnext/public/js/utils.js
@@ -31,6 +31,12 @@
 		}
 	},
 
+	is_perpetual_inventory_enabled: function(company) {
+		if(company) {
+			return frappe.get_doc(":Company", company).enable_perpetual_inventory
+		}
+	},
+
 	setup_serial_no: function() {
 		var grid_row = cur_frm.open_grid_row();
 		if(!grid_row || !grid_row.grid_form.fields_dict.serial_no ||
diff --git a/erpnext/setup/doctype/company/company.js b/erpnext/setup/doctype/company/company.js
index 0c55ec4..6c3d86d 100644
--- a/erpnext/setup/doctype/company/company.js
+++ b/erpnext/setup/doctype/company/company.js
@@ -156,7 +156,7 @@
 		erpnext.company.set_custom_query(frm, v);
 	});
 
-	if (frappe.sys_defaults.auto_accounting_for_stock) {
+	if (frm.doc.enable_perpetual_inventory) {
 		$.each([
 			["stock_adjustment_account", 
 				{"root_type": "Expense", "account_type": "Stock Adjustment"}],
diff --git a/erpnext/setup/doctype/company/company.json b/erpnext/setup/doctype/company/company.json
index cd11057..69b2c3a 100644
--- a/erpnext/setup/doctype/company/company.json
+++ b/erpnext/setup/doctype/company/company.json
@@ -1128,6 +1128,37 @@
    "bold": 0, 
    "collapsible": 0, 
    "columns": 0, 
+   "default": "1", 
+   "fieldname": "enable_perpetual_inventory", 
+   "fieldtype": "Check", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Enable Perpetual Inventory", 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "precision": "", 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
+   "unique": 0
+  }, 
+  {
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
    "fieldname": "default_inventory_account", 
    "fieldtype": "Link", 
    "hidden": 0, 
@@ -1243,6 +1274,7 @@
    "unique": 0
   }, 
   {
+   "allow_bulk_edit": 0, 
    "allow_on_submit": 0, 
    "bold": 0, 
    "collapsible": 0, 
@@ -1777,7 +1809,7 @@
  "istable": 0, 
  "max_attachments": 0, 
  "menu_index": 0, 
- "modified": "2017-06-14 11:06:33.629948", 
+ "modified": "2017-06-15 19:46:10.875108", 
  "modified_by": "Administrator", 
  "module": "Setup", 
  "name": "Company", 
diff --git a/erpnext/setup/doctype/company/company.py b/erpnext/setup/doctype/company/company.py
index 0ddadf0..1af0d8c 100644
--- a/erpnext/setup/doctype/company/company.py
+++ b/erpnext/setup/doctype/company/company.py
@@ -33,6 +33,7 @@
 		self.validate_default_accounts()
 		self.validate_currency()
 		self.validate_coa_input()
+		self.validate_perpetual_inventory()
 
 	def validate_abbr(self):
 		if not self.abbr:
@@ -88,6 +89,10 @@
 		if self.default_currency:
 			frappe.db.set_value("Currency", self.default_currency, "enabled", 1)
 
+		if hasattr(frappe.local, 'enable_perpetual_inventory') and \
+			self.name in frappe.local.enable_perpetual_inventory:
+			frappe.local.enable_perpetual_inventory[self.name] = self.enable_perpetual_inventory
+
 		frappe.clear_cache()
 
 	def install_country_fixtures(self):
@@ -139,6 +144,12 @@
 			if not self.chart_of_accounts:
 				self.chart_of_accounts = "Standard"
 
+	def validate_perpetual_inventory(self):
+		if not self.get("__islocal"):
+			if cint(self.enable_perpetual_inventory) == 1 and not self.default_inventory_account:
+				frappe.msgprint(_("Set default inventory account for perpetual inventory"), 
+					alert=True, indicator='orange')
+
 	def set_default_accounts(self):
 		self._set_default_account("default_cash_account", "Cash")
 		self._set_default_account("default_bank_account", "Bank")
@@ -146,7 +157,7 @@
 		self._set_default_account("accumulated_depreciation_account", "Accumulated Depreciation")
 		self._set_default_account("depreciation_expense_account", "Depreciation")
 
-		if cint(frappe.db.get_single_value("Accounts Settings", "auto_accounting_for_stock")):
+		if self.enable_perpetual_inventory:
 			self._set_default_account("stock_received_but_not_billed", "Stock Received But Not Billed")
 			self._set_default_account("default_inventory_account", "Stock")
 			self._set_default_account("stock_adjustment_account", "Stock Adjustment")
diff --git a/erpnext/setup/setup_wizard/setup_wizard.py b/erpnext/setup/setup_wizard/setup_wizard.py
index 5daa4e4..9d814fd 100644
--- a/erpnext/setup/setup_wizard/setup_wizard.py
+++ b/erpnext/setup/setup_wizard/setup_wizard.py
@@ -85,6 +85,7 @@
 		frappe.get_doc({
 			"doctype":"Company",
 			'company_name':args.get('company_name').strip(),
+			'enable_perpetual_inventory': 1,
 			'abbr':args.get('company_abbr'),
 			'default_currency':args.get('currency'),
 			'country': args.get('country'),
@@ -159,10 +160,6 @@
 
 	frappe.db.set_value("System Settings", None, "email_footer_address", args.get("company"))
 
-	accounts_settings = frappe.get_doc("Accounts Settings")
-	accounts_settings.auto_accounting_for_stock = 1
-	accounts_settings.save()
-
 	stock_settings = frappe.get_doc("Stock Settings")
 	stock_settings.item_naming_by = "Item Code"
 	stock_settings.valuation_method = "FIFO"
diff --git a/erpnext/startup/boot.py b/erpnext/startup/boot.py
index 6e71769..80a7834 100644
--- a/erpnext/startup/boot.py
+++ b/erpnext/startup/boot.py
@@ -27,8 +27,8 @@
 			bootinfo.setup_complete = frappe.db.sql("""select name from
 				tabCompany limit 1""") and 'Yes' or 'No'
 
-		bootinfo.docs += frappe.db.sql("""select name, default_currency, cost_center,
-			default_terms, default_letter_head, default_bank_account from `tabCompany`""",
+		bootinfo.docs += frappe.db.sql("""select name, default_currency, cost_center, default_terms,
+			default_letter_head, default_bank_account, enable_perpetual_inventory from `tabCompany`""",
 			as_dict=1, update={"doctype":":Company"})
 
 def load_country_and_currency(bootinfo):
diff --git a/erpnext/stock/doctype/delivery_note/delivery_note.js b/erpnext/stock/doctype/delivery_note/delivery_note.js
index faa1fac..de47fde 100644
--- a/erpnext/stock/doctype/delivery_note/delivery_note.js
+++ b/erpnext/stock/doctype/delivery_note/delivery_note.js
@@ -38,8 +38,9 @@
 			}
 		});
 
-		if (frappe.sys_defaults.auto_accounting_for_stock) {
-			frm.set_query('expense_account', 'items', function(doc, cdt, cdn) {
+		
+		frm.set_query('expense_account', 'items', function(doc, cdt, cdn) {
+			if (erpnext.is_perpetual_inventory_enabled(doc.company)) {
 				return {
 					filters: {
 						"report_type": "Profit and Loss",
@@ -47,17 +48,20 @@
 						"is_group": 0
 					}
 				}
-			});
+			}
+		});
 
-			frm.set_query('cost_center', 'items', function(doc, cdt, cdn) {
+		frm.set_query('cost_center', 'items', function(doc, cdt, cdn) {
+			if (erpnext.is_perpetual_inventory_enabled(doc.company)) {
 				return {
 					filters: {
 						'company': doc.company,
 						"is_group": 0
 					}
 				}
-			});
-		}
+			}
+		});
+		
 
 		$.extend(frm.cscript, new erpnext.stock.DeliveryNoteController({frm: frm}));
 	},
@@ -137,7 +141,7 @@
 
 		if (doc.docstatus==1) {
 			this.show_stock_ledger();
-			if (cint(frappe.defaults.get_default("auto_accounting_for_stock"))) {
+			if (erpnext.is_perpetual_inventory_enabled(doc.company)) {
 				this.show_general_ledger();
 			}
 			if (this.frm.has_perm("submit") && doc.status !== "Closed") {
@@ -164,10 +168,6 @@
 				__("Status"))
 		}
 		erpnext.stock.delivery_note.set_print_hide(doc, dt, dn);
-
-		// unhide expense_account and cost_center is auto_accounting_for_stock enabled
-		var aii_enabled = cint(frappe.sys_defaults.auto_accounting_for_stock)
-		this.frm.fields_dict["items"].grid.set_column_disp(["expense_account", "cost_center"], aii_enabled);
 	},
 
 	make_sales_invoice: function() {
@@ -225,6 +225,24 @@
 
 });
 
+frappe.ui.form.on('Delivery Note', {
+	setup: function(frm) {
+		if(frm.doc.company) {
+			frm.trigger("unhide_account_head");
+		}
+	},
+
+	company: function(frm) {
+		frm.trigger("unhide_account_head");
+	},
+	
+	unhide_account_head: function(frm) {
+		// unhide expense_account and cost_center if perpetual inventory is enabled in the company
+		var aii_enabled = erpnext.is_perpetual_inventory_enabled(frm.doc.company)
+		frm.fields_dict["items"].grid.set_column_disp(["expense_account", "cost_center"], aii_enabled);
+	}
+})
+
 
 erpnext.stock.delivery_note.set_print_hide = function(doc, cdt, cdn){
 	var dn_fields = frappe.meta.docfield_map['Delivery Note'];
diff --git a/erpnext/stock/doctype/delivery_note/test_delivery_note.py b/erpnext/stock/doctype/delivery_note/test_delivery_note.py
index 0f3099f..751d527 100644
--- a/erpnext/stock/doctype/delivery_note/test_delivery_note.py
+++ b/erpnext/stock/doctype/delivery_note/test_delivery_note.py
@@ -47,9 +47,8 @@
 		self.assertRaises(frappe.ValidationError, frappe.get_doc(si).insert)
 
 	def test_delivery_note_no_gl_entry(self):
-		set_perpetual_inventory(0)
-		self.assertEqual(cint(frappe.defaults.get_global_default("auto_accounting_for_stock")), 0)
-
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(0, company)
 		make_stock_entry(target="_Test Warehouse - _TC", qty=5, basic_rate=100)
 
 		stock_queue = json.loads(get_previous_sle({
@@ -68,8 +67,9 @@
 		self.assertFalse(get_gl_entries("Delivery Note", dn.name))
 
 	def test_delivery_note_gl_entry(self):
-		set_perpetual_inventory()
-		self.assertEqual(cint(frappe.defaults.get_global_default("auto_accounting_for_stock")), 1)
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
+
 		set_valuation_method("_Test Item", "FIFO")
 
 		make_stock_entry(target="_Test Warehouse - _TC", qty=5, basic_rate=100)
@@ -115,10 +115,11 @@
 
 		dn.cancel()
 		self.assertFalse(get_gl_entries("Delivery Note", dn.name))
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, company)
 
 	def test_delivery_note_gl_entry_packing_item(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		make_stock_entry(item_code="_Test Item", target="_Test Warehouse - _TC", qty=10, basic_rate=100)
 		make_stock_entry(item_code="_Test Item Home Desktop 100",
@@ -156,7 +157,7 @@
 		dn.cancel()
 		self.assertFalse(get_gl_entries("Delivery Note", dn.name))
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, company)
 
 	def test_serialized(self):
 		se = make_serialized_item()
@@ -196,7 +197,8 @@
 			self.assertEquals(cstr(serial_no.get(field)), value)
 
 	def test_sales_return_for_non_bundled_items(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		make_stock_entry(item_code="_Test Item", target="_Test Warehouse - _TC", qty=50, basic_rate=100)
 
@@ -230,10 +232,11 @@
 
 		self.assertEquals(gle_warehouse_amount, stock_value_difference)
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, company)
 
 	def test_return_single_item_from_bundled_items(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		create_stock_reconciliation(item_code="_Test Item", target="_Test Warehouse - _TC", qty=50, rate=100)
 		create_stock_reconciliation(item_code="_Test Item Home Desktop 100", target="_Test Warehouse - _TC",
@@ -270,10 +273,11 @@
 
 		self.assertEquals(gle_warehouse_amount, stock_value_difference)
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, company)
 
 	def test_return_entire_bundled_items(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		create_stock_reconciliation(item_code="_Test Item",
 			target="_Test Warehouse - _TC", qty=50, rate=100)
@@ -312,7 +316,7 @@
 
 		self.assertEquals(gle_warehouse_amount, 1400)
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, company)
 
 	def test_return_for_serialized_items(self):
 		se = make_serialized_item()
@@ -350,7 +354,8 @@
 		})
 
 	def test_delivery_of_bundled_items_to_target_warehouse(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		set_valuation_method("_Test Item", "FIFO")
 		set_valuation_method("_Test Item Home Desktop 100", "FIFO")
@@ -418,7 +423,7 @@
 		for i, gle in enumerate(gl_entries):
 			self.assertEquals([gle.debit, gle.credit], expected_values.get(gle.account))
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, company)
 
 	def test_closed_delivery_note(self):
 		from erpnext.stock.doctype.delivery_note.delivery_note import update_delivery_note_status
diff --git a/erpnext/stock/doctype/material_request/test_material_request.py b/erpnext/stock/doctype/material_request/test_material_request.py
index c3a2137..1531f40 100644
--- a/erpnext/stock/doctype/material_request/test_material_request.py
+++ b/erpnext/stock/doctype/material_request/test_material_request.py
@@ -5,13 +5,13 @@
 # For license information, please see license.txt
 
 from __future__ import unicode_literals
-import frappe, unittest
+import frappe, unittest, erpnext
 from frappe.utils import flt
 from erpnext.stock.doctype.material_request.material_request import raise_production_orders
 
 class TestMaterialRequest(unittest.TestCase):
 	def setUp(self):
-		frappe.defaults.set_global_default("auto_accounting_for_stock", 0)
+		erpnext.set_perpetual_inventory(0)
 
 	def test_make_purchase_order(self):
 		from erpnext.stock.doctype.material_request.material_request import make_purchase_order
diff --git a/erpnext/stock/doctype/purchase_receipt/purchase_receipt.js b/erpnext/stock/doctype/purchase_receipt/purchase_receipt.js
index c998140..19cc44a 100644
--- a/erpnext/stock/doctype/purchase_receipt/purchase_receipt.js
+++ b/erpnext/stock/doctype/purchase_receipt/purchase_receipt.js
@@ -33,6 +33,21 @@
 			}
 		});
 
+	},
+
+	refresh: function(frm) {
+		if(frm.doc.company) {
+			frm.trigger("toggle_display_account_head");
+		}
+	},
+
+	company: function(frm) {
+		frm.trigger("toggle_display_account_head");
+	},
+
+	toggle_display_account_head: function(frm) {
+		var enabled = erpnext.is_perpetual_inventory_enabled(frm.doc.company)
+		frm.fields_dict["items"].grid.set_column_disp(["cost_center"], enabled);
 	}
 });
 
@@ -47,7 +62,7 @@
 		this._super();
 		if(this.frm.doc.docstatus===1) {
 			this.show_stock_ledger();
-			if (cint(frappe.defaults.get_default("auto_accounting_for_stock"))) {
+			if (erpnext.is_perpetual_inventory_enabled(this.frm.doc.company)) {
 				this.show_general_ledger();
 			}
 		}
diff --git a/erpnext/stock/doctype/purchase_receipt/test_purchase_receipt.py b/erpnext/stock/doctype/purchase_receipt/test_purchase_receipt.py
index 4ea0add..d8cd271 100644
--- a/erpnext/stock/doctype/purchase_receipt/test_purchase_receipt.py
+++ b/erpnext/stock/doctype/purchase_receipt/test_purchase_receipt.py
@@ -4,7 +4,7 @@
 
 from __future__ import unicode_literals
 import unittest
-import frappe
+import frappe, erpnext
 import frappe.defaults
 from frappe.utils import cint, flt, cstr, today
 from erpnext.stock.doctype.purchase_receipt.purchase_receipt import make_purchase_invoice
@@ -30,7 +30,8 @@
 		self.assertRaises(frappe.ValidationError, frappe.get_doc(pi).submit)
 
 	def test_purchase_receipt_no_gl_entry(self):
-		set_perpetual_inventory(0)
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(0, company)
 
 		existing_bin_stock_value = frappe.db.get_value("Bin", {"item_code": "_Test Item",
 			"warehouse": "_Test Warehouse - _TC"}, "stock_value")
@@ -50,9 +51,9 @@
 		self.assertFalse(get_gl_entries("Purchase Receipt", pr.name))
 
 	def test_purchase_receipt_gl_entry(self):
-		set_perpetual_inventory()
-		self.assertEqual(cint(frappe.defaults.get_global_default("auto_accounting_for_stock")), 1)
 		pr = frappe.copy_doc(test_records[0])
+		set_perpetual_inventory(1, pr.company)
+		self.assertEqual(cint(erpnext.is_perpetual_inventory_enabled(pr.company)), 1)
 		pr.insert()
 		pr.submit()
 
@@ -84,7 +85,7 @@
 		pr.cancel()
 		self.assertFalse(get_gl_entries("Purchase Receipt", pr.name))
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, pr.company)
 
 	def test_subcontracting(self):
 		from erpnext.stock.doctype.stock_entry.test_stock_entry import make_stock_entry
diff --git a/erpnext/stock/doctype/purchase_receipt_item/purchase_receipt_item.json b/erpnext/stock/doctype/purchase_receipt_item/purchase_receipt_item.json
index e18e532..2d87257 100755
--- a/erpnext/stock/doctype/purchase_receipt_item/purchase_receipt_item.json
+++ b/erpnext/stock/doctype/purchase_receipt_item/purchase_receipt_item.json
@@ -1,1996 +1,2061 @@
 {
- "allow_copy": 0,
- "allow_guest_to_view": 0,
- "allow_import": 0,
- "allow_rename": 0,
- "autoname": "hash",
- "beta": 0,
- "creation": "2013-05-24 19:29:10",
- "custom": 0,
- "docstatus": 0,
- "doctype": "DocType",
- "document_type": "Document",
- "editable_grid": 1,
+ "allow_copy": 0, 
+ "allow_guest_to_view": 0, 
+ "allow_import": 0, 
+ "allow_rename": 0, 
+ "autoname": "hash", 
+ "beta": 0, 
+ "creation": "2013-05-24 19:29:10", 
+ "custom": 0, 
+ "docstatus": 0, 
+ "doctype": "DocType", 
+ "document_type": "Document", 
+ "editable_grid": 1, 
  "fields": [
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "barcode",
-   "fieldtype": "Data",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Barcode",
-   "length": 0,
-   "no_copy": 0,
-   "permlevel": 0,
-   "precision": "",
-   "print_hide": 0,
-   "print_hide_if_no_value": 0,
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "barcode", 
+   "fieldtype": "Data", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Barcode", 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "precision": "", 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "section_break_2",
-   "fieldtype": "Section Break",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "length": 0,
-   "no_copy": 0,
-   "permlevel": 0,
-   "precision": "",
-   "print_hide": 0,
-   "print_hide_if_no_value": 0,
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "section_break_2", 
+   "fieldtype": "Section Break", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "precision": "", 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 1,
-   "collapsible": 0,
-   "columns": 3,
-   "fieldname": "item_code",
-   "fieldtype": "Link",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 1,
-   "in_list_view": 1,
-   "in_standard_filter": 0,
-   "label": "Item Code",
-   "length": 0,
-   "no_copy": 0,
-   "oldfieldname": "item_code",
-   "oldfieldtype": "Link",
-   "options": "Item",
-   "permlevel": 0,
-   "print_hide": 0,
-   "print_hide_if_no_value": 0,
-   "print_width": "100px",
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 1,
-   "search_index": 1,
-   "set_only_once": 0,
-   "unique": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 1, 
+   "collapsible": 0, 
+   "columns": 3, 
+   "fieldname": "item_code", 
+   "fieldtype": "Link", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 1, 
+   "in_list_view": 1, 
+   "in_standard_filter": 0, 
+   "label": "Item Code", 
+   "length": 0, 
+   "no_copy": 0, 
+   "oldfieldname": "item_code", 
+   "oldfieldtype": "Link", 
+   "options": "Item", 
+   "permlevel": 0, 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "print_width": "100px", 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 1, 
+   "search_index": 1, 
+   "set_only_once": 0, 
+   "unique": 0, 
    "width": "100px"
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "column_break_2",
-   "fieldtype": "Column Break",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "length": 0,
-   "no_copy": 0,
-   "permlevel": 0,
-   "precision": "",
-   "print_hide": 0,
-   "print_hide_if_no_value": 0,
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "column_break_2", 
+   "fieldtype": "Column Break", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "precision": "", 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "item_name",
-   "fieldtype": "Data",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 1,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Item Name",
-   "length": 0,
-   "no_copy": 0,
-   "oldfieldname": "item_name",
-   "oldfieldtype": "Data",
-   "permlevel": 0,
-   "print_hide": 1,
-   "print_hide_if_no_value": 0,
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 1,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "item_name", 
+   "fieldtype": "Data", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 1, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Item Name", 
+   "length": 0, 
+   "no_copy": 0, 
+   "oldfieldname": "item_name", 
+   "oldfieldtype": "Data", 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 1, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 1,
-   "columns": 0,
-   "fieldname": "section_break_4",
-   "fieldtype": "Section Break",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Description",
-   "length": 0,
-   "no_copy": 0,
-   "permlevel": 0,
-   "precision": "",
-   "print_hide": 0,
-   "print_hide_if_no_value": 0,
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 1, 
+   "columns": 0, 
+   "fieldname": "section_break_4", 
+   "fieldtype": "Section Break", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Description", 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "precision": "", 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "description",
-   "fieldtype": "Text Editor",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Description",
-   "length": 0,
-   "no_copy": 0,
-   "oldfieldname": "description",
-   "oldfieldtype": "Text",
-   "permlevel": 0,
-   "print_hide": 0,
-   "print_hide_if_no_value": 0,
-   "print_width": "300px",
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 1,
-   "search_index": 0,
-   "set_only_once": 0,
-   "unique": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "description", 
+   "fieldtype": "Text Editor", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Description", 
+   "length": 0, 
+   "no_copy": 0, 
+   "oldfieldname": "description", 
+   "oldfieldtype": "Text", 
+   "permlevel": 0, 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "print_width": "300px", 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 1, 
+   "search_index": 0, 
+   "set_only_once": 0, 
+   "unique": 0, 
    "width": "300px"
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "col_break1",
-   "fieldtype": "Column Break",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "length": 0,
-   "no_copy": 0,
-   "permlevel": 0,
-   "print_hide": 0,
-   "print_hide_if_no_value": 0,
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "col_break1", 
+   "fieldtype": "Column Break", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "image",
-   "fieldtype": "Attach",
-   "hidden": 1,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Image",
-   "length": 0,
-   "no_copy": 0,
-   "permlevel": 0,
-   "precision": "",
-   "print_hide": 0,
-   "print_hide_if_no_value": 0,
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "image", 
+   "fieldtype": "Attach", 
+   "hidden": 1, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Image", 
+   "length": 0, 
+   "no_copy": 0, 
+   "permlevel": 0, 
+   "precision": "", 
+   "print_hide": 0, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "image_view",
-   "fieldtype": "Image",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
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+   "fieldtype": "Currency", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Landed Cost Voucher Amount", 
+   "length": 0, 
+   "no_copy": 1, 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 1, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "brand",
-   "fieldtype": "Link",
-   "hidden": 1,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Brand",
-   "length": 0,
-   "no_copy": 0,
-   "oldfieldname": "brand",
-   "oldfieldtype": "Link",
-   "options": "Brand",
-   "permlevel": 0,
-   "print_hide": 1,
-   "print_hide_if_no_value": 0,
-   "read_only": 1,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "brand", 
+   "fieldtype": "Link", 
+   "hidden": 1, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Brand", 
+   "length": 0, 
+   "no_copy": 0, 
+   "oldfieldname": "brand", 
+   "oldfieldtype": "Link", 
+   "options": "Brand", 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 1, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "description": "",
-   "fieldname": "item_group",
-   "fieldtype": "Link",
-   "hidden": 1,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Item Group",
-   "length": 0,
-   "no_copy": 0,
-   "oldfieldname": "item_group",
-   "oldfieldtype": "Link",
-   "options": "Item Group",
-   "permlevel": 0,
-   "print_hide": 1,
-   "print_hide_if_no_value": 0,
-   "read_only": 1,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "description": "", 
+   "fieldname": "item_group", 
+   "fieldtype": "Link", 
+   "hidden": 1, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Item Group", 
+   "length": 0, 
+   "no_copy": 0, 
+   "oldfieldname": "item_group", 
+   "oldfieldtype": "Link", 
+   "options": "Item Group", 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 1, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "rm_supp_cost",
-   "fieldtype": "Currency",
-   "hidden": 1,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Raw Materials Supplied Cost",
-   "length": 0,
-   "no_copy": 1,
-   "oldfieldname": "rm_supp_cost",
-   "oldfieldtype": "Currency",
-   "options": "Company:company:default_currency",
-   "permlevel": 0,
-   "print_hide": 1,
-   "print_hide_if_no_value": 0,
-   "print_width": "150px",
-   "read_only": 1,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
-   "unique": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "rm_supp_cost", 
+   "fieldtype": "Currency", 
+   "hidden": 1, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Raw Materials Supplied Cost", 
+   "length": 0, 
+   "no_copy": 1, 
+   "oldfieldname": "rm_supp_cost", 
+   "oldfieldtype": "Currency", 
+   "options": "Company:company:default_currency", 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "print_width": "150px", 
+   "read_only": 1, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
+   "unique": 0, 
    "width": "150px"
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "item_tax_amount",
-   "fieldtype": "Currency",
-   "hidden": 1,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Item Tax Amount",
-   "length": 0,
-   "no_copy": 1,
-   "oldfieldname": "item_tax_amount",
-   "oldfieldtype": "Currency",
-   "options": "Company:company:default_currency",
-   "permlevel": 0,
-   "print_hide": 1,
-   "print_hide_if_no_value": 0,
-   "print_width": "150px",
-   "read_only": 1,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
-   "unique": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "item_tax_amount", 
+   "fieldtype": "Currency", 
+   "hidden": 1, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Item Tax Amount", 
+   "length": 0, 
+   "no_copy": 1, 
+   "oldfieldname": "item_tax_amount", 
+   "oldfieldtype": "Currency", 
+   "options": "Company:company:default_currency", 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "print_width": "150px", 
+   "read_only": 1, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
+   "unique": 0, 
    "width": "150px"
-  },
+  }, 
   {
-   "allow_on_submit": 1,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "valuation_rate",
-   "fieldtype": "Currency",
-   "hidden": 1,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Valuation Rate",
-   "length": 0,
-   "no_copy": 1,
-   "oldfieldname": "valuation_rate",
-   "oldfieldtype": "Currency",
-   "options": "Company:company:default_currency",
-   "permlevel": 0,
-   "print_hide": 1,
-   "print_hide_if_no_value": 0,
-   "print_width": "80px",
-   "read_only": 1,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
-   "unique": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 1, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "valuation_rate", 
+   "fieldtype": "Currency", 
+   "hidden": 1, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Valuation Rate", 
+   "length": 0, 
+   "no_copy": 1, 
+   "oldfieldname": "valuation_rate", 
+   "oldfieldtype": "Currency", 
+   "options": "Company:company:default_currency", 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "print_width": "80px", 
+   "read_only": 1, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
+   "unique": 0, 
    "width": "80px"
-  },
+  }, 
   {
-   "allow_on_submit": 0,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "description": "Tax detail table fetched from item master as a string and stored in this field.\nUsed for Taxes and Charges",
-   "fieldname": "item_tax_rate",
-   "fieldtype": "Code",
-   "hidden": 1,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Item Tax Rate",
-   "length": 0,
-   "no_copy": 0,
-   "oldfieldname": "item_tax_rate",
-   "oldfieldtype": "Small Text",
-   "permlevel": 0,
-   "print_hide": 1,
-   "print_hide_if_no_value": 0,
-   "read_only": 1,
-   "remember_last_selected_value": 0,
-   "report_hide": 1,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 0, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "description": "Tax detail table fetched from item master as a string and stored in this field.\nUsed for Taxes and Charges", 
+   "fieldname": "item_tax_rate", 
+   "fieldtype": "Code", 
+   "hidden": 1, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Item Tax Rate", 
+   "length": 0, 
+   "no_copy": 0, 
+   "oldfieldname": "item_tax_rate", 
+   "oldfieldtype": "Small Text", 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 1, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 1, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
-  },
+  }, 
   {
-   "allow_on_submit": 1,
-   "bold": 0,
-   "collapsible": 0,
-   "columns": 0,
-   "fieldname": "page_break",
-   "fieldtype": "Check",
-   "hidden": 0,
-   "ignore_user_permissions": 0,
-   "ignore_xss_filter": 0,
-   "in_filter": 0,
-   "in_global_search": 0,
-   "in_list_view": 0,
-   "in_standard_filter": 0,
-   "label": "Page Break",
-   "length": 0,
-   "no_copy": 0,
-   "oldfieldname": "page_break",
-   "oldfieldtype": "Check",
-   "permlevel": 0,
-   "print_hide": 1,
-   "print_hide_if_no_value": 0,
-   "read_only": 0,
-   "remember_last_selected_value": 0,
-   "report_hide": 0,
-   "reqd": 0,
-   "search_index": 0,
-   "set_only_once": 0,
+   "allow_bulk_edit": 0, 
+   "allow_on_submit": 1, 
+   "bold": 0, 
+   "collapsible": 0, 
+   "columns": 0, 
+   "fieldname": "page_break", 
+   "fieldtype": "Check", 
+   "hidden": 0, 
+   "ignore_user_permissions": 0, 
+   "ignore_xss_filter": 0, 
+   "in_filter": 0, 
+   "in_global_search": 0, 
+   "in_list_view": 0, 
+   "in_standard_filter": 0, 
+   "label": "Page Break", 
+   "length": 0, 
+   "no_copy": 0, 
+   "oldfieldname": "page_break", 
+   "oldfieldtype": "Check", 
+   "permlevel": 0, 
+   "print_hide": 1, 
+   "print_hide_if_no_value": 0, 
+   "read_only": 0, 
+   "remember_last_selected_value": 0, 
+   "report_hide": 0, 
+   "reqd": 0, 
+   "search_index": 0, 
+   "set_only_once": 0, 
    "unique": 0
   }
- ],
- "has_web_view": 0,
- "hide_heading": 0,
- "hide_toolbar": 0,
- "idx": 1,
- "image_view": 0,
- "in_create": 0,
- "is_submittable": 0,
- "issingle": 0,
- "istable": 1,
- "max_attachments": 0,
- "modified": "2017-04-19 11:54:00.260886",
- "modified_by": "Administrator",
- "module": "Stock",
- "name": "Purchase Receipt Item",
- "owner": "Administrator",
- "permissions": [],
- "quick_entry": 1,
- "read_only": 0,
- "read_only_onload": 0,
- "show_name_in_global_search": 0,
- "sort_field": "modified",
- "sort_order": "DESC",
- "track_changes": 0,
+ ], 
+ "has_web_view": 0, 
+ "hide_heading": 0, 
+ "hide_toolbar": 0, 
+ "idx": 1, 
+ "image_view": 0, 
+ "in_create": 0, 
+ "is_submittable": 0, 
+ "issingle": 0, 
+ "istable": 1, 
+ "max_attachments": 0, 
+ "modified": "2017-06-16 17:23:01.404744", 
+ "modified_by": "Administrator", 
+ "module": "Stock", 
+ "name": "Purchase Receipt Item", 
+ "owner": "Administrator", 
+ "permissions": [], 
+ "quick_entry": 1, 
+ "read_only": 0, 
+ "read_only_onload": 0, 
+ "show_name_in_global_search": 0, 
+ "sort_field": "modified", 
+ "sort_order": "DESC", 
+ "track_changes": 0, 
  "track_seen": 0
-}
+}
\ No newline at end of file
diff --git a/erpnext/stock/doctype/stock_entry/stock_entry.js b/erpnext/stock/doctype/stock_entry/stock_entry.js
index 6303df1..74ac589 100644
--- a/erpnext/stock/doctype/stock_entry/stock_entry.js
+++ b/erpnext/stock/doctype/stock_entry/stock_entry.js
@@ -67,6 +67,10 @@
 				});
 			});
 		}
+
+		if(frm.doc.company) {
+			frm.trigger("toggle_display_account_head");
+		}
 	},
 	purpose: function(frm) {
 		frm.fields_dict.items.grid.refresh();
@@ -78,6 +82,7 @@
 			if(company_doc.default_letter_head) {
 				frm.set_value("letter_head", company_doc.default_letter_head);
 			}
+			frm.trigger("toggle_display_account_head");
 		}
 	},
 	set_serial_no: function(frm, cdt, cdn) {
@@ -98,6 +103,10 @@
 			}
 		});
 	},
+	toggle_display_account_head: function(frm) {
+		var enabled = erpnext.is_perpetual_inventory_enabled(frm.doc.company);
+		frm.fields_dict["items"].grid.set_column_disp(["cost_center", "expense_account"], enabled);
+	}
 })
 
 frappe.ui.form.on('Stock Entry Detail', {
@@ -213,17 +222,19 @@
 			};
 		});
 
-		if(cint(frappe.defaults.get_default("auto_accounting_for_stock"))) {
+		if(me.frm.doc.company && erpnext.is_perpetual_inventory_enabled(me.frm.doc.company)) {
 			this.frm.add_fetch("company", "stock_adjustment_account", "expense_account");
-			this.frm.fields_dict.items.grid.get_field('expense_account').get_query =
-				function() {
-					return {
-						filters: {
-							"company": me.frm.doc.company,
-							"is_group": 0
-						}
+		}
+
+		this.frm.fields_dict.items.grid.get_field('expense_account').get_query = function() {
+			if (erpnext.is_perpetual_inventory_enabled(me.frm.doc.company)) {
+				return {
+					filters: {
+						"company": me.frm.doc.company,
+						"is_group": 0
 					}
 				}
+			}
 		}
 
 		this.frm.set_indicator_formatter('item_code',
@@ -254,7 +265,7 @@
 		this.toggle_related_fields(this.frm.doc);
 		this.toggle_enable_bom();
 		this.show_stock_ledger();
-		if (cint(frappe.defaults.get_default("auto_accounting_for_stock"))) {
+		if (this.frm.doc.docstatus===1 && erpnext.is_perpetual_inventory_enabled(this.frm.doc.company)) {
 			this.show_general_ledger();
 		}
 		erpnext.hide_company();
@@ -272,7 +283,7 @@
 	set_default_account: function(callback) {
 		var me = this;
 
-		if(cint(frappe.defaults.get_default("auto_accounting_for_stock")) && this.frm.doc.company) {
+		if(this.frm.doc.company && erpnext.is_perpetual_inventory_enabled(this.frm.doc.company)) {
 			return this.frm.call({
 				method: "erpnext.accounts.utils.get_company_default",
 				args: {
diff --git a/erpnext/stock/doctype/stock_entry/test_stock_entry.py b/erpnext/stock/doctype/stock_entry/test_stock_entry.py
index 2451a9b..8670f73 100644
--- a/erpnext/stock/doctype/stock_entry/test_stock_entry.py
+++ b/erpnext/stock/doctype/stock_entry/test_stock_entry.py
@@ -123,7 +123,8 @@
 		self.assertTrue(item_code in items)
 
 	def test_material_receipt_gl_entry(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		mr = make_stock_entry(item_code="_Test Item", target="_Test Warehouse - _TC",
 			qty=50, basic_rate=100, expense_account="Stock Adjustment - _TC")
@@ -148,7 +149,8 @@
 			where voucher_type='Stock Entry' and voucher_no=%s""", mr.name))
 
 	def test_material_issue_gl_entry(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		make_stock_entry(item_code="_Test Item", target="_Test Warehouse - _TC",
 			qty=50, basic_rate=100, expense_account="Stock Adjustment - _TC")
@@ -179,7 +181,8 @@
 			where voucher_type='Stock Entry' and voucher_no=%s""", mi.name))
 
 	def test_material_transfer_gl_entry(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		create_stock_reconciliation(qty=100, rate=100)
 
@@ -217,7 +220,8 @@
 			where voucher_type='Stock Entry' and voucher_no=%s""", mtn.name))
 
 	def test_repack_no_change_in_valuation(self):
-		set_perpetual_inventory(0)
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(0, company)
 
 		make_stock_entry(item_code="_Test Item", target="_Test Warehouse - _TC", qty=50, basic_rate=100)
 		make_stock_entry(item_code="_Test Item Home Desktop 100", target="_Test Warehouse - _TC",
@@ -238,10 +242,11 @@
 			order by account desc""", repack.name, as_dict=1)
 		self.assertFalse(gl_entries)
 
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, repack.company)
 
 	def test_repack_with_additional_costs(self):
-		set_perpetual_inventory()
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse - _TC', 'company')
+		set_perpetual_inventory(1, company)
 
 		make_stock_entry(item_code="_Test Item", target="_Test Warehouse - _TC", qty=50, basic_rate=100)
 		repack = frappe.copy_doc(test_records[3])
@@ -278,7 +283,7 @@
 				["Expenses Included In Valuation - _TC", 0.0, 1200.0]
 			])
 		)
-		set_perpetual_inventory(0)
+		set_perpetual_inventory(0, repack.company)
 
 	def check_stock_ledger_entries(self, voucher_type, voucher_no, expected_sle):
 		expected_sle.sort(key=lambda x: x[0])
@@ -452,7 +457,8 @@
 		self.assertFalse(frappe.db.get_value("Serial No", serial_no, "warehouse"))
 
 	def test_warehouse_company_validation(self):
-		set_perpetual_inventory(0)
+		company = frappe.db.get_value('Warehouse', '_Test Warehouse 2 - _TC1', 'company')
+		set_perpetual_inventory(0, company)
 		frappe.get_doc("User", "test2@example.com")\
 			.add_roles("Sales User", "Sales Manager", "Stock User", "Stock Manager")
 		frappe.set_user("test2@example.com")
@@ -465,8 +471,6 @@
 
 	# permission tests
 	def test_warehouse_user(self):
-		set_perpetual_inventory(0)
-
 		for role in ("Stock User", "Sales User"):
 			set_user_permission_doctypes(doctype="Stock Entry", role=role,
 				apply_user_permissions=1, user_permission_doctypes=["Warehouse"])
@@ -483,6 +487,7 @@
 		frappe.set_user("test@example.com")
 		st1 = frappe.copy_doc(test_records[0])
 		st1.company = "_Test Company 1"
+		set_perpetual_inventory(0, st1.company)
 		st1.get("items")[0].t_warehouse="_Test Warehouse 2 - _TC1"
 		self.assertRaises(frappe.PermissionError, st1.insert)
 
@@ -490,6 +495,8 @@
 		st1 = frappe.copy_doc(test_records[0])
 		st1.company = "_Test Company 1"
 		st1.get("items")[0].t_warehouse="_Test Warehouse 2 - _TC1"
+		st1.get("items")[0].expense_account = "Stock Adjustment - _TC1"
+		st1.get("items")[0].cost_center = "Main - _TC1"
 		st1.insert()
 		st1.submit()
 
diff --git a/erpnext/stock/doctype/stock_entry_detail/stock_entry_detail.json b/erpnext/stock/doctype/stock_entry_detail/stock_entry_detail.json
index 58bcff0..b2c6091 100644
--- a/erpnext/stock/doctype/stock_entry_detail/stock_entry_detail.json
+++ b/erpnext/stock/doctype/stock_entry_detail/stock_entry_detail.json
@@ -960,7 +960,7 @@
    "bold": 0, 
    "collapsible": 0, 
    "columns": 0, 
-   "depends_on": "eval:cint(frappe.sys_defaults.auto_accounting_for_stock)", 
+   "depends_on": "", 
    "fieldname": "expense_account", 
    "fieldtype": "Link", 
    "hidden": 0, 
@@ -1020,7 +1020,7 @@
    "collapsible": 0, 
    "columns": 0, 
    "default": ":Company", 
-   "depends_on": "eval:cint(frappe.sys_defaults.auto_accounting_for_stock)", 
+   "depends_on": "", 
    "fieldname": "cost_center", 
    "fieldtype": "Link", 
    "hidden": 0, 
@@ -1266,8 +1266,8 @@
  "issingle": 0, 
  "istable": 1, 
  "max_attachments": 0, 
- "modified": "2017-06-08 10:38:10.914780", 
- "modified_by": "prateeksha@erpnext.com", 
+ "modified": "2017-06-16 17:32:56.989049", 
+ "modified_by": "Administrator", 
  "module": "Stock", 
  "name": "Stock Entry Detail", 
  "owner": "Administrator", 
diff --git a/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.js b/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.js
index a6d5383..a86dea7 100644
--- a/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.js
+++ b/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.js
@@ -31,6 +31,10 @@
 				frm.events.get_items(frm);
 			});
 		}
+
+		if(frm.doc.company) {
+			frm.trigger("toggle_display_account_head");
+		}
 	},
 
 	get_items: function(frm) {
@@ -103,6 +107,13 @@
 			frappe.model.set_value(cdt, cdn, "quantity_difference", flt(d.qty) - flt(d.current_qty));
 			frappe.model.set_value(cdt, cdn, "amount_difference", flt(d.amount) - flt(d.current_amount));
 		}
+	},
+	company: function(frm) {
+		frm.trigger("toggle_display_account_head");
+	},
+	toggle_display_account_head: function(frm) {
+		frm.toggle_display(['expense_account', 'cost_center'],
+			erpnext.is_perpetual_inventory_enabled(frm.doc.company));
 	}
 });
 
@@ -133,7 +144,7 @@
 	set_default_expense_account: function() {
 		var me = this;
 		if(this.frm.doc.company) {
-			if (frappe.sys_defaults.auto_accounting_for_stock && !this.frm.doc.expense_account) {
+			if (erpnext.is_perpetual_inventory_enabled(this.frm.doc.company) && !this.frm.doc.expense_account) {
 				return this.frm.call({
 					method: "erpnext.accounts.utils.get_company_default",
 					args: {
@@ -155,11 +166,12 @@
 
 		this.setup_posting_date_time_check();
 
-		if (frappe.sys_defaults.auto_accounting_for_stock) {
+		if (me.frm.doc.company && erpnext.is_perpetual_inventory_enabled(me.frm.doc.company)) {
 			this.frm.add_fetch("company", "stock_adjustment_account", "expense_account");
 			this.frm.add_fetch("company", "cost_center", "cost_center");
-
-			this.frm.fields_dict["expense_account"].get_query = function() {
+		}
+		this.frm.fields_dict["expense_account"].get_query = function() {
+			if(erpnext.is_perpetual_inventory_enabled(me.frm.doc.company)) {
 				return {
 					"filters": {
 						'company': me.frm.doc.company,
@@ -167,7 +179,9 @@
 					}
 				}
 			}
-			this.frm.fields_dict["cost_center"].get_query = function() {
+		}
+		this.frm.fields_dict["cost_center"].get_query = function() {
+			if(erpnext.is_perpetual_inventory_enabled(me.frm.doc.company)) {
 				return {
 					"filters": {
 						'company': me.frm.doc.company,
@@ -181,7 +195,7 @@
 	refresh: function() {
 		if(this.frm.doc.docstatus==1) {
 			this.show_stock_ledger();
-			if (cint(frappe.defaults.get_default("auto_accounting_for_stock"))) {
+			if (erpnext.is_perpetual_inventory_enabled(this.frm.doc.company)) {
 				this.show_general_ledger();
 			}
 		}
diff --git a/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.json b/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.json
index 3d37053..9df4ff7 100644
--- a/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.json
+++ b/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.json
@@ -320,7 +320,7 @@
    "bold": 0, 
    "collapsible": 0, 
    "columns": 0, 
-   "depends_on": "eval:cint(sys_defaults.auto_accounting_for_stock)", 
+   "depends_on": "", 
    "fieldname": "expense_account", 
    "fieldtype": "Link", 
    "hidden": 0, 
@@ -351,7 +351,7 @@
    "bold": 0, 
    "collapsible": 0, 
    "columns": 0, 
-   "depends_on": "eval:cint(sys_defaults.auto_accounting_for_stock)", 
+   "depends_on": "", 
    "fieldname": "cost_center", 
    "fieldtype": "Link", 
    "hidden": 0, 
@@ -477,7 +477,7 @@
  "istable": 0, 
  "max_attachments": 1, 
  "menu_index": 0, 
- "modified": "2017-06-13 14:28:56.013804", 
+ "modified": "2017-06-16 17:35:54.811500", 
  "modified_by": "Administrator", 
  "module": "Stock", 
  "name": "Stock Reconciliation", 
diff --git a/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.py b/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.py
index d710949..9c42529 100644
--- a/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.py
+++ b/erpnext/stock/doctype/stock_reconciliation/stock_reconciliation.py
@@ -2,7 +2,7 @@
 # License: GNU General Public License v3. See license.txt
 
 from __future__ import unicode_literals
-import frappe
+import frappe, erpnext
 import frappe.defaults
 from frappe import msgprint, _
 from frappe.utils import cstr, flt, cint
@@ -231,7 +231,7 @@
 			self.expense_account, self.cost_center)
 
 	def validate_expense_account(self):
-		if not cint(frappe.defaults.get_global_default("auto_accounting_for_stock")):
+		if not cint(erpnext.is_perpetual_inventory_enabled(self.company)):
 			return
 
 		if not self.expense_account:
diff --git a/erpnext/stock/stock_ledger.py b/erpnext/stock/stock_ledger.py
index d5f64b1..711f064 100644
--- a/erpnext/stock/stock_ledger.py
+++ b/erpnext/stock/stock_ledger.py
@@ -423,8 +423,11 @@
 		}, previous_sle, as_dict=1, debug=debug)
 
 def get_valuation_rate(item_code, warehouse, voucher_type, voucher_no,
-	allow_zero_rate=False, currency=None):
+	allow_zero_rate=False, currency=None, company=None):
 	# Get valuation rate from last sle for the same item and warehouse
+	if not company:
+		company = erpnext.get_default_company()
+
 	last_valuation_rate = frappe.db.sql("""select valuation_rate
 		from `tabStock Ledger Entry`
 		where item_code = %s and warehouse = %s
@@ -451,7 +454,7 @@
 			dict(item_code=item_code, buying=1, currency=currency), 'price_list_rate')
 
 	if not allow_zero_rate and not valuation_rate \
-			and cint(frappe.db.get_value("Accounts Settings", None, "auto_accounting_for_stock")):
+			and cint(erpnext.is_perpetual_inventory_enabled(company)):
 		frappe.local.message_log = []
 		frappe.throw(_("Valuation rate not found for the Item {0}, which is required to do accounting entries for {1} {2}. If the item is transacting as a sample item in the {1}, please mention that in the {1} Item table. Otherwise, please create an incoming stock transaction for the item or mention valuation rate in the Item record, and then try submiting/cancelling this entry").format(item_code, voucher_type, voucher_no))